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Energy startup Bulb becomes first energy supplier to obtain B Corp status

Bulb, the London startup disrupting the UK’s energy market, has become the first energy supplier in the country to obtain a Certified B Corporation status in recognition of its social and environmental focus.

The firm, which launched in May this year, joins 93 other UK businesses, and 1,600 other businesses across 42 countries, in achieving the B Corp status which recognises high standards of accountability, transparency as well as a consideration for the social and environmental impact of its actions.

Founded by two ex-energy industry employees, Hayden Wood and Amit Gudka, the startup aims to put customers first by providing reliable and affordable renewable energy, in an industry marked by inefficiency and confusing tariffs.

Commenting on the firm’s new B Corp status, Amit said: ‘We’re really proud to be awarded with B Corp status but we know it doesn’t mean anything to people unless we actually behave differently.

“It’s unsustainable for the industry to treat consumers this way and we’re going to change things. We aim to provide a new choice for consumers of reliable, fast, affordable and renewable energy.

“We want to provide an example to energy suppliers all over the world that there’s a better way to provide energy.”

As a B Corp business, Bulb is legally required to consider the impact its business decisions have on all its stakeholders, the community and the environment, credentials which have been helped by the fact that it is a Living Wage employer and already engages with community groups as part of its social impact work.

Kate Sandle from B Lab UK commented: “B Lab UK is thrilled have Bulb join the B Corp community. It is the first energy provider amongst our 93 UK B corps to date.

“Bulb’s innovative approach of providing a single energy tariff to it’s community is fantastic. Congratulations Bulb on your B Corp certification.”

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